Bayview Acquisition Corp (NASDAQ:BAYA) Sees Significant Drop in Short Interest

Bayview Acquisition Corp (NASDAQ:BAYA) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 500 shares, a drop of 64.3% from the September 30th total of 1,400 shares. Based on an average trading volume of 36,100 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Bayview Acquisition

Hedge funds have recently modified their holdings of the business. Shaolin Capital Management LLC lifted its holdings in shares of Bayview Acquisition by 100.0% in the second quarter. Shaolin Capital Management LLC now owns 500,000 shares of the company’s stock valued at $5,120,000 after purchasing an additional 250,000 shares in the last quarter. Berkley W R Corp lifted its holdings in shares of Bayview Acquisition by 462.9% in the second quarter. Berkley W R Corp now owns 139,682 shares of the company’s stock valued at $1,428,000 after purchasing an additional 114,869 shares in the last quarter. Clear Street LLC lifted its holdings in shares of Bayview Acquisition by 408.3% in the second quarter. Clear Street LLC now owns 19,402 shares of the company’s stock valued at $199,000 after purchasing an additional 15,585 shares in the last quarter. CVI Holdings LLC purchased a new stake in shares of Bayview Acquisition in the second quarter valued at $1,472,000. Finally, Karpus Management Inc. lifted its holdings in shares of Bayview Acquisition by 19.6% in the first quarter. Karpus Management Inc. now owns 145,400 shares of the company’s stock valued at $1,466,000 after purchasing an additional 23,825 shares in the last quarter.

Bayview Acquisition Stock Performance

BAYA opened at $10.62 on Friday. The stock has a fifty day moving average of $10.43 and a 200-day moving average of $10.30. Bayview Acquisition has a 12-month low of $10.01 and a 12-month high of $10.69.

Bayview Acquisition Company Profile

Bayview Acquisition Corp is a blank check company. It formed for the purpose to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Bayview Acquisition Corp is based in Cayman Islands.